Sun, who testified under a non-prosecution agreement, also described how he tracked loans to FTX and Alameda executives – but his record of the loans did not match another document the DOJ showed him, he said.
Storm, a U.S. resident, was arrested two weeks ago on charges of conspiracy to facilitate money laundering and sanctions evasion. Prosecutors allege that he, alongside fellow developers and cofounders Roman Semenov and Alexey Pertsev, helped bad actors launder over $1 billion in stolen crypto, including “hundreds of millions” for North Korea, through their work building Tornado Cash.
Bankman-Fried is currently set to go on trial at the start of October on wire fraud, commodities fraud, securities fraud, money laundering and related conspiracy charges. He faces another trial, tentatively scheduled for next March, on additional charges brought by the DOJ after Bankman-Fried’s arrest and extradition.
“The amendment offered to NDAA by Senators Lummis, Gillibrand, Warren, and Marshall is a thoughtful approach, however, we continue to seek needed regulatory clarity on which projects, tokens, and activity are overseen by which agencies,” she said through a spokesperson.
Judge Lewis Kaplan, of the U.S. District Court for the Southern District of New York, asked the FTX founder’s defense team several questions about their motion to dismiss bank fraud, wire fraud and campaign finance charges, though he did not make a decision on the motions to dismiss during Thursday’s hearing.